Obama's first Oval Office speech to target BP - Macleans.ca

Obama’s first Oval Office speech to target BP

Speech will focus on redressing loss claims with BP’s $10.5 billion annual dividend

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President Obama will use his first speech from the Oval Office to compel BP to compensate businesses and individuals for losses incurred from the oil spill in the Gulf of Mexico. Obama seeks to distribute BP’s $10.5 billion annual dividend fairly saying that the money should not be going to the stockholders, rather, it should go towards fishermen, oil workers and small business owners who haven’t received loss claims from the company. The nationally televised address, scheduled for tomorrow, prime-time, is part of a week-long campaign by the Obama administration to convince the public of a secure and effective presidential command.

New York Times

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